Concept information
Preferred term
value added tax
Definition
- Value added tax (VAT) is a type of tax on goods and services levied by the government in which they are sold. In some countries, such as Australia, Canada, Egypt, and New Zealand, the VAT is called a “goods and services tax” (GST). [Source: Encyclopedia of Business in Today's World; Value Added Tax]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/value_added_tax
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